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Kudakwashe Tagwirei, a sanctioned Zimbabwean tycoon and ZANU-PF benefactor, reportedly spent US$2 million on President Mnangagwa’s birthday festivities.
The move folds the Zurich-based team into Investec’s broader European advisory arm, expanding the firm’s footprint in a market where it has operated since 1978.
Zenith Bank’s H1 profit falls to $355 million as impairments rise, while total assets reach $20.7 billion.
Bombardier executives praised Aliko Dangote’s refinery in Nigeria as a world-class facility and a vital source of cleaner jet fuel for global aviation.
Many African leaders are accused of seeking office for riches. This group arrived wealthy—often tens of millions—long before taking the oath.
The Isaac Regional Council, which covers the coal-rich Bowen Basin, said about 200 jobs will be affected.
Mellody Hobson’s Ariel Alternatives expands into industrial services with its $1.45B Project Black fund, acquiring Groome Industrial Service Group.
Egyptian billionaire Mohamed Mansour sees artificial intelligence as a key lever for Africa’s growth.
Four years after Tayo Amusan’s Ketron takeover, Shoprite Nigeria is still struggling to steady its business in Africa’s most populous economy
A Kenyan court has kept a freeze on Rostam Aziz’s Taifa Gas project, stalling the billionaire’s bid to transform East Africa’s LPG market.
Kenyan lawmakers stopped Tanzanian billionaire Edhah Abdallah Munif from buying Portland Cement shares at half price, citing undervaluation and foreign control concerns.
André Pienaar sued in Washington over $10 billion Pentagon cloud contract involving Amazon and lobbying claims.
The Ghabbour family’s stake in GB Corp. has lost over $46 million in value after a sharp drop on the Egyptian Exchange.
The project aims to strengthen Egypt’s cold chain infrastructure, improve food quality, and cut waste, the companies said in a joint statement.
Prosus, chaired by Koos Bekker, raised its stake in India’s Urban Company to 7.35% with a $139 million investment ahead of its IPO.
Glencore, led by Gary Nagle, pursues talks with South Africa’s government to rescue smelters as power costs rise.